Bankruptcies — June 2019

Bankruptcies are filed under the following chapter headings:Chapter 7 — Straight Bankruptcy: debtor gives up non-exempt property and debt is charged.Chapter 11 — Allows companies and individuals to restructure debts to repay them.Chapter 12 — Allows family farmers to restructure finances to avoid liquidation for foreclosure.Chapter 13 — Plan is devised by the individual to pay a percentage of debt based on ability to pay. All disposable income must be used to pay debts.Information provided by the U.S. Bankruptcy Court in Spokane.C